Services

NEWS FLASH

UPCOMING WEBINAR - PANAMA IN FOCUS: US RELATIONS, CANAL STRATEGY AND FI...

Learn More

COUNTRY INSIGHTS

Sber investing heavily in digital ecosystem
RUSSIA / FSU POLITICS · In Brief · 05 Aug 2021

Sber is investing USD billion in its digital ecosystem in Q1 and Q3 2021. Sber wants to be the main actor in Russia's tech space. The investment is 11.5% of Sber's profits. It was previously called Sberbank. Profits were USD 8.3 billion in Q1 and Q2 2021.Sber has invested heavily in its ecosystem...

Covid update: the infection curve remains low and flat for now
HUNGARY · In Brief · 05 Aug 2021

The return of Covid in a 4th wave with the Delta variant within a few weeks has been identified as a very likely, or more accurately as an unavoidable, event both by government speakers and by independent experts. Essentially all of the foregoing expect the 4th wave to kick in around late Septemb...

Dep. Celso Sabino submitted a new report on the income tax bill, Minister Braga Netto will be summoned by a Committee in the House, and Lieutenant Colonel of the Reserve Marcelo Blanco da Costa testifies in the Pandemic CPI
BRAZIL POLITICS · Report · 04 Aug 2021

Despite the changes to the text, state treasury secretaries still do not support the income tax bill. Arthur Lira stated that he will find a solution to the court-ordered payments issue with Luiz Fux and may be able to vote on Administrative Reform by the end of the year. The Senate may vote on t...

Russian Central Bank selling Otkritie Bank
RUSSIA / FSU POLITICS · In Brief · 04 Aug 2021

On August 3 the regulator said that it aimed to sell Otrkitie Bank before the end of 2021. The Russian Central Bank (CBR) said that it is seeking a strategic investor to buy the bank. CBR wants to do due diligence and to prepare bidders to take over Otkritie Bank which is one of the major lenders...

​Wildfire Losses: Anecdotal Evidence
TURKEY · In Brief · 04 Aug 2021

Turkey has witnessed an inordinate number of wildfires over the last two weeks, which caught the nation and the administration by surprise.To date, more than 161 forest fires had been reported in 16 different provinces. Wildfires are still raging in 5 cities in the South of turkey, but only one o...

OFZ: moving to an inverted curve
RUSSIA ECONOMICS · Report · 03 Aug 2021

Long-term OFZs demonstrated a strong performance in the second half of July, their yields compressing by 30-35 bps. Many investors suppose that the tightening phase of the CBR’s monetary policy is almost over and that interest rates in Russia will move down in the longer term. The potential decre...

The TSE asked the STF to include President Bolsonaro in its investigation into “Fake News”, the draft proposal for the new Bolsa Família program is being discussed, and Reverend Amilton Gomes de Paula testifies in the CPI today
BRAZIL POLITICS · Report · 03 Aug 2021

The TSE’s decision has the possibility of resulting in Bolsonaro’s impeachment or ineligibility in the upcoming elections. Minister João Roma has said that the new social program will comply with the spending ceiling. Both the House and the Senate have a busy agenda this week. The House should vo...

Inflation at 19%, now what? Well, nothing
TURKEY · Report · 03 Aug 2021 · 1 response

Monthly CPI inflation came in at 1.8% in July, somewhat higher than the market consensus (of around 1.6%), with the 12-month rate thus rising to 19% (18.95%, to be precise) from 17.5% in June. Producer prices rose by 2.5% in the month, m/m, which led to a further increase in the 12-month rate to ...

Synthesis of the Brazilian Economy
BRAZIL ECONOMICS · Report · 03 Aug 2021

The greater supply of doses has allowed acceleration of the vaccination campaign, increasing the number of persons receiving the first dose to 105 million, or 49.8% of the population, while 19.7% are fully immunized. The number of deaths has been steadily declining: the 7-day moving average of da...

First woman to become PM of Moldova
RUSSIA / FSU POLITICS · In Brief · 03 Aug 2021

On July 31 Natalia Gavrilita was nominated to be Prime Minister of Moldova. She is due to be sworn in on August 5. She was nominated by President Sandu, who is the first woman to serve as president. Gavrilita is a member of the Party of Action and Solidarity (PAS), which won the election in July ...

El Salvador was downgraded by Moody’s
CENTRAL AMERICA · In Brief · 02 Aug 2021

The rating agency Moody’s downgraded El Salvador’s bonds from Ba3 to Caa1 on July 30th, 2021, turning the country’s debt into the category of “junk bonds”. At the same time, the outlook was rated “negative”. The same grade was also granted by Moody’s in April 2017, when the government failed to p...

Politics: The government can’t seem to get a grip on reality
MEXICO · Report · 02 Aug 2021

The new Chamber of Deputies elected on June 6 will not convene for another month nor have most of the 15 governors-elect been sworn into office. Yet, ever since the results of that vote were announced President López Obrador has maintained a strikingly electoral focus. Although his Morena party c...

Paulo Guedes's battles and other weekly topics
BRAZIL POLITICS · Report · 02 Aug 2021

The Judicial and Legislative branches return to work this week. The president of the House, Deputy Arthur Lira (PP-AL), is working on putting the income tax bill to a vote. The Senate should vote on the bills that deal with the improvement in the business environment and the renegotiation of tax ...

Russian pandemic/political update: Looking forward to Duma elections amid a lasting pandemic
RUSSIA ECONOMICS · Report · 02 Aug 2021

Russia’s daily COVID-19 incidence rate increased in July following its steady growth in June but has seemingly stabilized in the second half of last month. It rose from around 20K to 25K in the first ten days of July, fluctuated around this level in the next ten days and hovered between 22K and 2...

Russia bringing home gold medals but not as 'Russia'
RUSSIA / FSU POLITICS · In Brief · 02 Aug 2021

Due to multiple doping violations Russia is not allowed to compete at the Tokyo Summer Olympics under its own name, national anthem or flag. Instead Russian athletes are competing under the name of the Russian Olympic Committee (ROC). Russian athletes have already won 50 medals, 12 of which are g...

Copyright 2025 GlobalSource Partners. All rights reserved.